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The Rise and Fall of Muhammad Yunus and the Microcredit Model

2014
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Release : 2014
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Book Synopsis The Rise and Fall of Muhammad Yunus and the Microcredit Model by : Milford Bateman

Download or read book The Rise and Fall of Muhammad Yunus and the Microcredit Model written by Milford Bateman. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: This paper looks at the microcredit model made famous by Dr. Muhammad Yunus and explains the key reasons why it has failed as a poverty reduction and local development instrument. It also briefly analyses some of the reactions to this failure by the microcredit industry and why many microcredit supporters nevertheless still stand behind the model in spite of its failure.

The Rise and Fall of Global Microcredit

2018-10-09 Business & Economics
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Release : 2018-10-09
Genre : Business & Economics
Kind : eBook
Book Rating : 88X/5 ( reviews)

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Book Synopsis The Rise and Fall of Global Microcredit by : Milford Bateman

Download or read book The Rise and Fall of Global Microcredit written by Milford Bateman. This book was released on 2018-10-09. Available in PDF, EPUB and Kindle. Book excerpt: In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit, the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities, was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. The Rise and Fall of Global Microcredit shines a light on many of the fundamental problems surrounding microcredit, in particular, the short- and long-term impacts of dramatically rising levels of microdebt. Developed in collaboration with UNCTAD, this book covers the general policy implications of adverse microcredit impacts, as well as gathering together country-specific case studies from around the world to illustrate the real dynamics, incentives and end results. Lively and provocative, The Rise and Fall of Global Microcredit is an accessible guide for students, academics, policymakers and development professionals alike.

Small Loans, Big Dreams

2008-03-31 Business & Economics
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Release : 2008-03-31
Genre : Business & Economics
Kind : eBook
Book Rating : 275/5 ( reviews)

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Book Synopsis Small Loans, Big Dreams by : Alex Counts

Download or read book Small Loans, Big Dreams written by Alex Counts. This book was released on 2008-03-31. Available in PDF, EPUB and Kindle. Book excerpt: Microfinancing is considered one of the most effective strategies in the fight against global poverty. And now, in Small Loans, Big Changes, author Alex Counts reveals how Nobel Prize Winner Muhammad Yunus revolutionized global antipoverty efforts through the development of this approach. This book presents compelling stories of women benefiting from Yunus’s microcredit in rural Bangladesh and urban Chicago, and recounts the experiences of different borrowers in each country, interspersing them with stories of Yunus, his colleagues, and their counterparts in Chicago.

Unlimited Potential

2015-03-20 Political Science
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Release : 2015-03-20
Genre : Political Science
Kind : eBook
Book Rating : 868/5 ( reviews)

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Book Synopsis Unlimited Potential by : Muhammad Yunus

Download or read book Unlimited Potential written by Muhammad Yunus. This book was released on 2015-03-20. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Peace Prize winner Muhammad Yunus advocates in this interview for a model of social business that uses the market system to deliver solutions for social ills. Yunus, renowned for his work developing microcredit and microfinance through Grameen Bank, explains the need for an economic approach focused on human selflessness and offers a new way out of our current economic crises.

Banker To The Poor

2007-03-31 Biography & Autobiography
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Release : 2007-03-31
Genre : Biography & Autobiography
Kind : eBook
Book Rating : 466/5 ( reviews)

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Book Synopsis Banker To The Poor by : Muhammad Yunus

Download or read book Banker To The Poor written by Muhammad Yunus. This book was released on 2007-03-31. Available in PDF, EPUB and Kindle. Book excerpt: The inspirational story of how Nobel Prize winner Muhammad Yunus invented microcredit, founded the Grameen Bank, and transformed the fortunes of millions of poor people around the world. Muhammad Yunus was a professor of economics in Bangladesh, who realized that the most impoverished members of his community were systematically neglected by the banking system -- no one would loan them any money. Yunus conceived of a new form of banking -- microcredit -- that would offer very small loans to the poorest people without collateral, and teach them how to manage and use their loans to create successful small businesses. He founded Grameen Bank based on the belief that credit is a basic human right, not the privilege of a fortunate few, and it now provides $24 billion of micro-loans to more than nine million families. Ninety-seven percent of its clients are women, and repayment rates are over 90 percent. Outside of Bangladesh, micro-lending programs inspired by Grameen have blossomed, and serve hundreds of millions of people around the world. The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is the moving story of someone who dreamed of changing the world -- and did.

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